American Battery Materials Files S-1/A with Financial Updates

Ticker: BLTH · Form: S-1/A · Filed: Sep 26, 2024 · CIK: 1487718

Sentiment: neutral

Topics: filing-update, financials, mining

TL;DR

ABM filed S-1/A: $297k revenue H1 2024. Watch for balance sheet changes.

AI Summary

American Battery Materials, Inc. filed an S-1/A on September 26, 2024, detailing its financial performance. For the six months ended June 30, 2024, the company reported revenue of $297,064. The filing also provides balance sheet information as of December 31, 2023, and June 30, 2024, showing changes in preferred stock, common stock, additional paid-in capital, and retained earnings.

Why It Matters

This filing provides investors with updated financial information for American Battery Materials, Inc., crucial for assessing the company's current financial health and investment potential.

Risk Assessment

Risk Level: medium — As a mining and nonmetallic minerals company, American Battery Materials, Inc. faces inherent risks related to commodity prices, exploration, and environmental regulations.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of American Battery Materials, Inc.?

American Battery Materials, Inc. is involved in the mining and quarrying of nonmetallic minerals (no fuels), as indicated by its Standard Industrial Classification code.

What was the company's revenue for the first half of 2024?

The company reported revenue of $297,064 for the six months ended June 30, 2024.

When was the company formerly known as Boxscore Brands, Inc.?

The company changed its name from Boxscore Brands, Inc. on March 1, 2018.

What are the key financial statement items reported as of December 31, 2023, and June 30, 2024?

The filing reports on preferred stock, common stock, additional paid-in capital, and retained earnings for these periods.

What is the company's business address?

The business address is 500 West Putnam Avenue, Suite 400, Greenwich, CT 06830.

Filing Stats: 4,595 words · 18 min read · ~15 pages · Grade level 13.7 · Accepted 2024-09-26 16:42:08

Key Financial Figures

Filing Documents

Underwriting

Underwriting discounts and commissions (1) $ $ Proceeds to us, before expenses $ $ (1)

Underwriting

Underwriting discounts and commissions do not include a non-accountable expense allowance equal to 1.0% of the public offering price payable to the underwriters. We refer you to "Underwriting" beginning on page 53 for additional information regarding underwriters' compensation. We have granted a 45-day option to the representative of the underwriters to purchase up to additional shares of our common stock, solely to cover over-allotments, if any, at the public offering price less underwriting discounts and commissions. The underwriters expect to deliver the shares of our common stock to purchasers on or about , 2024. ThinkEquity The date of this prospectus is , 2024 i ii iii American battery materials, INC. Table of Contents Page PROSPECTUS SUMMARY 1

RISK FACTORS

RISK FACTORS 14 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 23

USE OF PROCEEDS

USE OF PROCEEDS 24 DIVIDEND POLICY 25 CAPITALIZATION 26

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28

BUSINESS

BUSINESS 33 MANAGEMENT 43

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 46 PRINCIPAL STOCKHOLDERS 48 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 49

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 50 SHARES ELIGIBLE FOR FUTURE SALE 52

UNDERWRITING

UNDERWRITING 53 LEGAL MATTERS 61 EXPERTS 61 WHERE YOU CAN FIND MORE INFORMATION 61 INDEX TO FINANCIAL STATEMENTS F-1 iv About this Prospectus Neither we nor the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus. We and the underwriters take no responsibility for and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the securities offered hereby and only under circumstances and in jurisdictions where it is lawful to do so. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You should assume that the information appearing in this prospectus is accurate only as of the date on the front of this prospectus. Our business, financial condition, results of operations and prospects may have changed since that date. We are not and the underwriters are not, offering to sell or seeking offers to purchase these securities in any jurisdiction where the offer or sale is not permitted. We and the underwriters have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about and observe any restrictions relating to, the offering of the securities as to distribution of the prospectus outside of the United States. The industry and market data and certain other statistical information used throughout this prospectus are from our own research, surveys or studies conducted by third parties and industry or general publications. Industry publications and third-party research, surveys and studies generally indicate that their information has been obtained from sources

View Full Filing

View this S-1/A filing on SEC EDGAR

View on Read The Filing